Market Memo

This was a very weird week. Usually, as any sensible person would guess, bad news makes the market go down.However, our friends down at Wall Street decided to switch it up. We got a pretty crap jobs report to be fair, but Nasdaq somehow had their best week in a long time and the Dow hit records. If you guessed that this upward trend had something to do with interest rates, you would be right. The market seems to care more about that percentage than it does about the actual economy, but who am I to judge. So basically, this bad jobs report most likely means we will see a cut in the interest rates as the fed will probably try to prop up the economy. Outside of that, AI and tech went up, as usual as Palantir showed crazy earnings, showing that maybe this AI stuff is actually resulting in revenue. And to compliment this pretty good week, we got gas prices to actually fall!!! This is obviously good for all of us as I am assuming most people don’t wanna pay a hundred bucks to fuel up their car. Hopefully this Strait of Hormuz fiasco finishes as soon as possible so we can go back to our beautiful $2.90 prices. Well, that’s it for this week! See you all next time!